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What is 'Fair Market Value - FMV' In its simplest sense, fair market value (FMV) is the price that property would sell for on the open market.
Fair value is commonly used by investors attempting to predict how the markets will open for the day. In this context, CNBC defines fair value as âa tool used by investors to understand the relationship between the value of futures contracts and the current price of a stock.â Fair value generally is listed alongside futures data in pre-market indicators, a set of data that forecasts how the dayâs trading is likely to go. Futures Fair value is an integral element in the futures contract market.